If there’s one thing we can all be sure of, it’s to expect the unexpected. That rings especially true for business owners. Anything from a pipe bursting to delays in inventory to technology issues are all problems that, while unexpected, are ones that you probably have a plan to deal with. Natural disasters, however, can have a ruinous effect on your business, all within the span of 20 minutes.
According to the Federal Emergency Management Agency (FEMA), following a disaster 40-60% of small businesses never reopen their doors and 90% of smaller companies fail within a year unless they can resume operations within five days. Thankfully, this doesn’t have to be your business. Take a look at how you can prepare and plan for a catastrophic event and what to do in the days that follow.